TRENDING:

XAU/USD

Silver

USD/CAD intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: The downside prevails

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Pivot (invalidation): 0.9125

Our preference
Short positions below 0.9125 with targets at 0.9085 & 0.9070 in extension.

Alternative scenario
Above 0.9125 look for further upside with 0.9140 & 0.9155 as targets.

Comment
The RSI is bearish and calls for further downside.

USD/CAD: Under pressure

Pivot (invalidation): 1.3100

Our preference
Short positions below 1.3100 with targets at 1.3050 & 1.3030 in extension.

Alternative scenario
Above 1.3100 look for further upside with 1.3125 & 1.3145 as targets.

Comment
As Long as the resistance at 1.3100 is not surpassed, the risk of the break below 1.3050 remains high.

AUD/USD: Rebound expected

Pivot (invalidation): 0.7265

Our preference
Long positions above 0.7265 with targets at 0.7310 & 0.7330 in extension.

Alternative scenario
Below 0.7265 look for further downside with 0.7250 & 0.7235 as targets.

Comment
The RSI calls for a rebound.

USD/TRY: Watch 7.4550

Pivot (invalidation): 7.6200

Our preference
Short positions below 7.6200 with targets at 7.4960 & 7.4550 in extension.

Alternative scenario
Above 7.6200 look for further upside with 7.6680 & 7.7220 as targets.

Comment
A break below 7.4960 would trigger a drop towards 7.4550.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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